Group items tagged

Isn't it fiinally time to enact a "basic income guarantee"? The lack of individual and family income security in the midst of a highly-developed economy is a travesty under any circumstances. But the contradiction of "poverty in the midst of plenty" that has plagued the world since the start of the Industrial Revolution is becoming much more grave in the U.S. and abroad. The problem, of course, is one of distribution of earnings, and excess production capacity relative to available income... Winston Churchill gave eloquent testimony to this conundrum of the modern age when delivering the Romanes Lecture at Oxford University on June 19, 1930. This was a few months after the crash of the U.S. stock market marked the start of the Great Depression. Churchill said: "Who would have thought that it would be easier to produce by toil and skill all the most necessary or desirable commodities than it is to find consumers for them? Who would have thought that cheap and abundant supplies of all the basic commodities would find the science and civilization of the world unable to utilize them? Have all our triumphs of research and organization bequeathed us only a new punishment: the Curse of Plenty? Are we really to believe that no better adjustment can be made between supply and demand? Yet the fact remains that every attempt has failed. Many various attempts have been made, from the extremes of Communism in Russia to the extremes of Capitalism in the United States. They include every form of fiscal policy and currency policy. But all have failed, and we have advanced little further in this quest than in barbaric times. Surely it is this mysterious crack and fissure at the basis of all our arrangements and apparatus upon which the keenest minds throughout the world should be concentrated.

*I've been very critical of HCR (1+ / 0-)Obama, and the whole process and what appears that the end result will be.  What would be enough for the democrats opposed to the bill to support it? Personally speaking, I recognize that it's never going to be perfect.  But the sticking point is forcing people to buy a product from a private company without any effective cost control measures.  That's it, anything else I can work with. So for me, I would need either the mandate taken out, strict cost regulation added, or a non-profit pulic option added. What about the rest of you? by Skellen on Tue Mar 09, 2010 at 11:59:13 AM PST[ Reply to This | Recommend ] REPLY by .@avivao: Mandate to buy private insurance? (0 / 0)Exactly. A mandate to buy from private insurers (who're already raising rates in advance of the bill's passage--a way of gaming medical loss ratios, etc.) must be counterbalanced by a substantive public plan (Medicare for All or Medicare for More would be the most expeditious way to go, I suspect). Also, the mandate will surely cause suffering "down the road" unless regulation of insurers is actually enforceable. Still, we must pass this #HCR bill, I think. I'm extremely worried about (1) passing it with a unilateral mandate; (2) not passing it because of a unilateral mandate. How did we get trapped like this? What went wrong? Sure; a lot has gone right. I don't deny it. I'm glad. But we're backed into a corner now on passing this health bill. If we don't pass it, the news is very, very bad. If we do pass it, the news is probably very,very bad (for a different constellation of reasons). I say: #PassTheDamnBill. But I'm very disturbed by the potential consequences of doing so. There are many benefits to this bill; I pray that the liabilities don't outweigh them. We'll see. by avivagabriel on Wed Mar 10, 2010 at 11:56:59 AM PST[ Parent | Reply to This ]

"The true inflation rate in America? It's certainly at least 6 or 7 percent, the US government lies about it, as you know, everybody who shops knows that prices are up, everybody except the US government. Rogers repeated his view that the Fed's quantitative easing program is "debasing the currency" and said he was "extremely worried" about the fate of the dollar over the long term. Asia is the region where investors should go, as countries in that region have strong reserves while once-strong economies such as the US and the UK are now in debt, he said.